Joyson And PAG Fund KSS To Acquire Air-Bag Maker Takata In Asset Deal
The newly merged company will be branded Joyson Safety Systems, and will be based in Michigan.
US Bankruptcy Court Confirms TK Holdings Chapter 11 Plan Of Reorganization
The court’s ruling paves the way for Takata to finalize its sale to KSS and for TK Holdings Inc. to emerge from Chapter 11.
Takata Airbags Special Master Announces $850M Restitution Fund Allocation Program For Automobile Manufacturers
The Special Master, Eric Green, a Boston law professor and mediator, stated that he is sending notice to more than 50 auto manufacturers around the world that purchased the Takata airbags that are subject to widespread recall programs.
Takata Corp. And Key Safety Systems Reach Agreement In Principle Regarding Sale Of Substantially All Of Takata’s Assets
Under the agreement, KSS will acquire substantially all of Takata’s assets, except for certain assets and operations that relate to the company’s manufacturing and sale of phase-stabilized ammonium nitrate airbag inflators.
Another Automaker Expands Takata Airbag Recall; Takata Reaches Settlement With US DOJ
Toyota Motor North America announced that, based on recent information from Takata as required by the National Highway Traffic Safety Administration, it is expanding its recall involving Takata front passenger air bag inflators.
